Nayifat Finance Company

Nayifat Finance Company is Saudi Arabia’s leading non-bank financial institution(“NBFI”)for consumers and SMEs. Established in 2002 and headquartered in Riyadh, Nayifat was among the first institutions in Saudi Arabia to be licensed as a Finance Company by the Saudi Arabian Monetary Agency (SAMA). Nayifat is the go-to NBFI in Saudi Arabia, providing Shari’a-compliant lending solutions – including Tawarruq, Murabaha and Ijarah – to more than 250,000 customers since inception (as at 31 March 2019). In 2019, Nayifat entered the local credit card market in partnership with Visa, becoming one of the first Saudi Finance Companies to obtain a license from SAMA to issue Credit Cards. With a network of 24 branches across the Kingdom, and more than 40,000 active creditworthy customers, Nayifat’s gross asset portfolio stands at SAR 2.23 billion as at 31 March 2019. 

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